Triplex with Private
36 The Concourse, Bethlehem, NY 12203
For Sale
$649,000
A 450-foot private drive leads to the three-family residence at the end of a dead-end street.
Property Size2,220 SF
Lot Size5.80 Acres
Price / SF$292.34
Days on Market49
Property Features for 36 The Concourse
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Walk-In Closet(s)
Ceramic Tile Bath
Chair Rail
Gas Grill
Other
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Prestige Real Estate
Listed By:
Robert J Gibson
(518) 421-0657
Source:
Davalarealestate
Added: Sep 22
Changed: Nov 7
Last Checked: Nov 8 at 3:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Prestige Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This triplex at 36 The Concourse includes a 2,220-square-foot, three-family residence built in 1911. A 450-foot private road provides access from the end of a dead-end street. The property features mature oak, maple, poplar, and hickory trees, along with elevated views above Krumkill Creek. It is in the Town of North Bethlehem and served by Guilderland schools.
Key Highlights
- Three‑family property with 2,220 square feet
- Built in 1911
- Access via a 450‑foot private road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,634
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$512,680
$512.7K
Cap Rate 7%
$366,200
$366.2K
Cap Rate 9%
$284,822
$284.8K
Market Conditions
NOI Build-Up for 2,220 SF
Gross rent
$38.6K $17.40/SF
− Vacancy
−$2.0K −$0.90/SF
EGI
$36.6K $16.50/SF
− OpEx
−$11.0K −$4.95/SF
NOI
$25.6K $11.55/SF
Area
Albany County, NY
Vacancy
5.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$512,680
Cap Rate 7%
$366,200
Cap Rate 9%
$284,822
Alternative Uses
Best Use
Multifamily LT 5
$366.2K
$320.4K – $427.2K
NOI $25,634 @ 7.0% cap · market cap 3.95%
Second Best
Apartment 5plus
$338.8K
$296.4K – $395.2K
NOI $23,713 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$692.7K
$606.2K – $808.2K
NOI $48,492 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
116
Businesses Nearby
Explore this area
Business Placement
Demographics for 12203, NY
28,210
Population
14,755
Households
1.9
Avg Household Size
38
Median Age
54%
College-Educated
95%
High-School Grad
10.4 sq mi
ZIP Area
2,713
Density / Sq Mi
$80,055
Median Household Income
$44,412
Median Earnings
$1,342
Median Rent
$258,800
Median Home Value
Market
Average Price Trend$/SF for Triplexes in Albany County, NY
Properties on Market for Triplexes in Albany County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - A 450-foot private drive leads to the three-family residence at the end of a dead-end street.
Where is this triplex located?
The property is located at 36 The Concourse Bethlehem, NY.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Three‑family property with 2,220 square feet; Built in 1911; Access via a 450‑foot private road
